Fernwood Investment Management LLC Cuts Stock Position in Mcdonald’s Corp (NYSE:MCD)

Fernwood Investment Management LLC cut its holdings in Mcdonald’s Corp (NYSE:MCD) by 5.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,182 shares of the fast-food giant’s stock after selling 200 shares during the quarter. Fernwood Investment Management LLC’s holdings in Mcdonald’s were worth $661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Litman Gregory Asset Management LLC acquired a new position in shares of Mcdonald’s during the 2nd quarter worth approximately $27,000. Atlas Capital Advisors LLC increased its position in shares of Mcdonald’s by 330.3% during the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after purchasing an additional 109 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Mcdonald’s during the second quarter worth approximately $34,000. Aspire Private Capital LLC purchased a new stake in Mcdonald’s in the 4th quarter valued at $32,000. Finally, Canton Hathaway LLC purchased a new stake in Mcdonald’s in the 1st quarter valued at $35,000. Institutional investors own 68.21% of the company’s stock.

Several brokerages have issued reports on MCD. Telsey Advisory Group restated an “outperform” rating and issued a $230.00 target price (up from $210.00) on shares of Mcdonald’s in a report on Monday, July 15th. Barclays set a $230.00 target price on Mcdonald’s and gave the company a “buy” rating in a report on Friday, July 26th. BMO Capital Markets upped their target price on Mcdonald’s to $230.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Stifel Nicolaus upped their target price on Mcdonald’s from $200.00 to $210.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Mcdonald’s in a report on Friday, July 26th. Eight analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Mcdonald’s currently has an average rating of “Buy” and an average target price of $220.23.

In related news, insider Ian Frederick Borden sold 4,149 shares of Mcdonald’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Silvia Lagnado sold 26,649 shares of Mcdonald’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the transaction, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Shares of MCD traded up $0.50 during mid-day trading on Thursday, hitting $216.98. The company’s stock had a trading volume of 133,366 shares, compared to its average volume of 3,209,126. The business has a 50-day moving average of $213.35. The stock has a market capitalization of $164.87 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 3.11 and a beta of 0.49. Mcdonald’s Corp has a 1-year low of $156.56 and a 1-year high of $221.93.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Friday, July 26th. The fast-food giant reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.34 billion. Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 earnings per share. As a group, equities analysts anticipate that Mcdonald’s Corp will post 8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a yield of 2.14%. Mcdonald’s’s dividend payout ratio is presently 58.73%.

Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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